March results and April goals
Current bankroll: $1118.33 cash and $56.00 in $W's. The $W's can be substituted for cash on PokerStars, but only for buy-ins to certain tournaments.
March was a pretty interesting month. In the past I always had problems adjusting to cash games or tournaments after playing one of them exclusively, and this was no exception. I built my current bankroll up exclusively through tournaments in February and early March before I started playing tons of cash game hands in the later part of the month. I had severe struggles and crazy swings in the cash games early on before fixing up my game some later in the month.
Breaking down the March results:
Tournaments:
Winnings: $1025
Investment: $580
Net: $445 (77% ROI)
I played 60 tournaments, cashing in 15 of them. Looking at this in a vacuum, I would be thrilled with a 25% money. However, I think this is higher than it should be because some of the tournaments were micro-limit $2 and $3 buy-ins that paid 20% of the field instead of the usual 10%. I'm also disappointed that I didn't go deep more, and in 6 final tables I didn't win a single one. The ratio of 0 wins to 1 2nd and 3 3rds is pretty poor considering that I feel I play my best short-handed. 77% ROI is solid, but again, I failed on too many opportunities for very high finishes.
Cash:
Winnings: $48.75
# Hands: $22,563 at $.25/$.50
Win rate: .22PTBB per 100 hands
A "PTBB" is twice the big blind, so in this case $1. Normally I would blast myself for having such a low win-rate, but fact of the matter is that I was so low at one point that just pulling a profit was a monumental achievement. I also should have moved down to a lower level for better bankroll management, but wasn't able to admit defeat. Definitely something I need to work on.
April goals:
General bankroll management goals: If I get as low as 15 buy-ins to a cash game ($750 for $.25/$.50 NL), I will move down a level. If I make it to 20 buy-ins for a higher level (unlikely), I will move up. For MTTs, I will not buy into any tournament that will require more than 1/80th of my bankroll. Based on the amounts that stars offers, that means $10+1 tournaments or less for now.
Tournament goals:
I'll probably play less than half as many tournaments this month as I did last. My current goals are: 20 tournaments, make the money on 20% of them, and profit at least $200 with an ROI of 80%+.
Cash game goals:
20,000 hands at the appropriate limit. I may have to scale back on this a little since April will have less free time than March (primarily due to spring break). I will need probably 10-15 hours a week to finish this many hands. I would like to average at least 4PTBB/100 hands. Assuming I don't have to move down from $.25/$.50, this gives me a profit goal of $800. Based on the state of my game and the time it would require, I think that this goal will be much tougher to achieve than my tournament goal.
There we have it. I won't be withdrawing or depositing at all this month regardless of the outcome, so I hope to be somewhere in the vicinity of $1800-$2000 online when it is all said and done.
March was a pretty interesting month. In the past I always had problems adjusting to cash games or tournaments after playing one of them exclusively, and this was no exception. I built my current bankroll up exclusively through tournaments in February and early March before I started playing tons of cash game hands in the later part of the month. I had severe struggles and crazy swings in the cash games early on before fixing up my game some later in the month.
Breaking down the March results:
Tournaments:
Winnings: $1025
Investment: $580
Net: $445 (77% ROI)
I played 60 tournaments, cashing in 15 of them. Looking at this in a vacuum, I would be thrilled with a 25% money. However, I think this is higher than it should be because some of the tournaments were micro-limit $2 and $3 buy-ins that paid 20% of the field instead of the usual 10%. I'm also disappointed that I didn't go deep more, and in 6 final tables I didn't win a single one. The ratio of 0 wins to 1 2nd and 3 3rds is pretty poor considering that I feel I play my best short-handed. 77% ROI is solid, but again, I failed on too many opportunities for very high finishes.
Cash:
Winnings: $48.75
# Hands: $22,563 at $.25/$.50
Win rate: .22PTBB per 100 hands
A "PTBB" is twice the big blind, so in this case $1. Normally I would blast myself for having such a low win-rate, but fact of the matter is that I was so low at one point that just pulling a profit was a monumental achievement. I also should have moved down to a lower level for better bankroll management, but wasn't able to admit defeat. Definitely something I need to work on.
April goals:
General bankroll management goals: If I get as low as 15 buy-ins to a cash game ($750 for $.25/$.50 NL), I will move down a level. If I make it to 20 buy-ins for a higher level (unlikely), I will move up. For MTTs, I will not buy into any tournament that will require more than 1/80th of my bankroll. Based on the amounts that stars offers, that means $10+1 tournaments or less for now.
Tournament goals:
I'll probably play less than half as many tournaments this month as I did last. My current goals are: 20 tournaments, make the money on 20% of them, and profit at least $200 with an ROI of 80%+.
Cash game goals:
20,000 hands at the appropriate limit. I may have to scale back on this a little since April will have less free time than March (primarily due to spring break). I will need probably 10-15 hours a week to finish this many hands. I would like to average at least 4PTBB/100 hands. Assuming I don't have to move down from $.25/$.50, this gives me a profit goal of $800. Based on the state of my game and the time it would require, I think that this goal will be much tougher to achieve than my tournament goal.
There we have it. I won't be withdrawing or depositing at all this month regardless of the outcome, so I hope to be somewhere in the vicinity of $1800-$2000 online when it is all said and done.
posted by corndog at 7:33 PM
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